Each single or both spouses can register a family trust in an official document. It designates immovable assets, stocks or movable assets which are officially registered for ‘satisfaction of needs’ or ‘security of the family’s livelihood’. The following situation shows the importance of a family trust: Both spouses are exposed to economic risks and have other people – usually their children – at charge. They want to safeguard them to make sure that in case of risks, which derive from their entrepreneurship, becoming striking it is not possible to access their personal assets. This protection can be secured by setting up a family trust. Of course every situation is different and it is crucial to find the ideal solution through profound analysis.
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